The crypto investment company Multicoin Capital is reportedly in discussions to offload its FTX bankruptcy claim, estimated at around $100 million, as per a knowledgeable source.
Encouraging developments regarding the FTX bankruptcy have resulted in claims being traded for more than 70 cents on the dollar, with prices edging closer to the eighty-cent mark.
Entities like Multicoin, inadvertently entangled in the fallout of the FTX collapse, have been approached by buyers interested in acquiring claims for over a year. With potential bids on the rise, these entities are evaluating the opportunity cost of capital and considering selling sooner rather than later.
Multicoin Capital declined to comment.